TSXV: LCO
US Symbol: ECNRF
VANCOUVER,
March 22, 2012 /PRNewswire/ - El
Condor Minerals Inc. ("El Condor" or the "Company") announces
completion of 12 diamond drill holes at its Horden Lake Project
totaling approximately 2,036 meters. The drilling program was
designed to generate sufficient volumes of mineralization for
preliminary metallurgical test work and to expand the strike length
of the copper-nickel-precious metal zone. The project manager
halted drilling once sufficient sample was obtained for the
metallurgical program and spring conditions began to hamper
access.
Drill core is being logged and split at the winter
camp. The core is transported to a core storage facility in
Matagami, from which the
metallurgical samples will be shipped to a preferred testing
lab. The field crews have already shipped samples from 6
holes to Activation Labs for analytical work. The remaining
samples are expected to be shipped within days.
The Company is currently in discussions with
environmental consultants, soliciting proposals for baseline
environmental work, which is expected to begin later this spring to
capture 2012 runoff data.
The Company has also begun costing and planning
development of an access road to the Project site, which will
enable more efficient year-round access for future work.
Company CEO Leigh
Freeman commented: "Despite a late start to our winter
program at Horden Lake, we were able to complete drilling for our
preliminary metallurgical program, and to extend drilling 250
meters along strike from the limits of the NI 43-101 compliant
mineral resource. We look forward to the analytical results
of the drilling in the coming weeks, and to the results from the
metallurgical program later this spring."
About El Condor Minerals Inc.
El Condor Minerals Inc. is a minerals exploration
company focused on the discovery and development of large precious-
and base-metal mineral systems in stable political
jurisdictions. Currently the Company is developing the Horden
Lake Copper Project, an advanced exploration stage copper-nickel
deposit in Quebec.
Additional information on El Condor, its properties and its
exploration and development activities is available at the
Company's website: www.elcondorminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Leigh W. Freeman"
President & CEO
FORWARD LOOKING STATEMENTS: This press release
contains forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in forward looking
statements. Forward-looking statements are based on the
beliefs, estimates and opinions of the Company's management on the
date such statements were made. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE El Condor Minerals Inc.